Rev Up Your STR Revenue Strategy

253 viewsPublished: December 21, 20230m 48sScore: 82
Pricing & Profitability
intermediate
Pricing Strategy
Revenue Management
ADR
Property Managers
Experienced Hosts

Summary

This video explores the psychology of STR pricing, specifically how different buyer types perceive the split between nightly rates and fees. It highlights that while the total cost may be the same, 'price-conscious' buyers significantly prefer higher base rates with zero fees over lower base rates with high cleaning or management fees.

Related Videos

More from Pricing & Profitability

My Airbnb made me $2,300 a month and was almost always booked. Nightmare guests made me quit hosting. - Business Insider Africa

A host reported earning $2,300 monthly on Airbnb with almost constant bookings, only to quit due to difficult guests. This highlights the financial potential of STR hosting but also emphasizes the importance of guest screening and managing guest behavior. Balancing profitability with a positive hosting experience is crucial.

2 days ago75
KC has ‘highest occupancy’ of World Cup cities. Is effort to add rentals working? - Kansas City Star

This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.

2 days agoKansas City, MO75
Best Mountain Towns Where Homes Deliver the Strongest Airbnb Returns - Realtor.com

Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.

2 days ago85

Curated by Learn STR by GoStudioM